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Aon raises industry loss estimates to $11bn for Michael, $5.5bn for Florence

2nd April 2019

Re/insurance broker Aon has released the highest industry loss estimates yet for the two major hurricanes that hit the U.S last year, estimating total re/insured losses of $11 billion for Hurricane Michael and $5.5 billion for Hurricane Florence. The updated figures came as part of Aon’s March Event Recap Reports, which ... Read the full article

Aon appoints Marsh’s Charnaud EMEA Chairman, M&A and Transaction Solutions

28th March 2019

Global insurance and reinsurance broker Aon has announced the appointment of Edwin Charnaud from Marsh as EMEA Chairman for its mergers and acquisition (M&A) and Transaction Solutions unit. The appointment is effective April 15th, 2019, and Charnaud will be tasked with assisting the acceleration of the regional M&A and Transaction Solutions ... Read the full article

Aon to offer AI, machine learning tools with new InsurTech partnership

14th March 2019

Global re/insurance broker Aon has struck a strategic alliance with Zesty.ai, an InsurTech startup which uses Artificial Intelligence (AI) and machine learning to process satellite imagery, data from aircraft, physical characteristics of properties, building permit data and energy consumption data in order to generate granular risk analysis of buildings and ... Read the full article

Aon’s New Ventures Group positioned to accelerate IP push

13th March 2019

Global re/insurance brokerage Aon has announced that its New Ventures Group (NVG) will be formally sponsoring the firm’s new Intellectual Property Solutions (IPS) team in an effort to help accelerate its development and expand the marketplace. Meanwhile, Brian Cochrane has been added as the IPS Chief Commercial Officer. He previously ... Read the full article

Aon’s White Rock protected cell company expands to DC

12th March 2019

Insurance and reinsurance broker Aon has announced that its protected cell facilities under the White Rock Group have added a seventh domicile in the District of Columbia (DC), USA. White Rock established its first protected cell company in Guernsey in 1997 and currently manages 250 cells across Bermuda, Gibraltar, Guernsey, Isle ... Read the full article

Australia’s Queensland floods to cost re/insurers $893mn: Aon

7th March 2019

The re/insurance industry is expected to incur losses of AUD $893 million (USD $635 million) as a result of the widespread flooding that affected Australia’s North Queensland from January 26 to February 7, according to Aon’s Impact Forecasting team. The estimate came as part of Aon’s monthly Global Catastrophe Recap report, ... Read the full article

Aon does not intend to pursue Willis Towers Watson deal

6th March 2019

Re/insurance brokerage Aon has now confirmed that it does not intend to pursue a deal to acquire rival broker Willis Towers Watson (WTW). Media reports emerged yesterday claiming that Aon was in early discussions with WTW about a potential acquisition. Aon then confirmed then it was in the early ... Read the full article

Aon confirms consideration to acquire Willis Towers Watson

6th March 2019

Insurance and reinsurance broker Aon has confirmed that it is in the initial stages of considering an offer to acquire Willis Towers Watson (WTW). Reports emerged yesterday that Aon had held preliminary talks with WTW over a potential deal that would see the combination of two of the world's largest ... Read the full article

Aon is considering an offer to buy Willis Towers Watson, reports Bloomberg

5th March 2019

Global insurance and reinsurance broker Aon is reportedly in talks to acquire rival broker Willis Towers Watson (WTW), according to a Bloomberg report, which cites people familiar with the matter. Bloomberg reports that Aon is considering the purchase of WTW, and is preparing to submit an offer in the coming weeks. According ... Read the full article

Aon partners with software firm Skytek on marine risk accumulations

5th March 2019

Insurance and reinsurance broker Aon plc has partnered with software firm Skytek to provide real-time monitoring of re/insurers’ marine risks and to identify accumulations for enhanced underwriting and reinsurance programs. As part of the collaboration, Aon has established a new consultancy based on the Skytek system that uses real-time satellite tracking ... Read the full article

Chubb, Impact Forecasting team up on new terrorism risk model

4th March 2019

Global insurer Chubb has partnered with Aon’s Impact Forecasting on a terrorism risk model, designed for deployment in dense urban environments such as Manhattan, that is able to distinguish between facade and structural damage as well as determine the likelihood that a building will collapse. Risk modelling specialists from both firms ... Read the full article

Aon expands restructuring plan, estimates additional job losses

25th February 2019

Insurance and reinsurance broker Aon's global Restructuring Plan, initiated in 2017, is now expected to result in estimated job losses of between 4,800 to 5,400, which is up 12% from the 4,200 to 4,800 expected job eliminations announced in early 2018. The updated range was announced in the global broker's most ... Read the full article

Aon highlights greatest cyber security challenges for businesses

14th February 2019

Global insurance and reinsurance broker Aon has published a new report that details the greatest cyber security threats and challenges to organisations in 2019, highlighting both the significant opportunities and risks that new technologies bring. The 2019 Cyber Security Risk Report identified eight key areas where business are likely to face ... Read the full article

Lambrou appointed Global CEO of Commercial Risk Solutions, Aon

11th February 2019

Global insurance and reinsurance broker, Aon, has named veteran Aon leader, Lambros Lambrou as Global Chief Executive Officer (CEO) of its Commercial Risk Solutions division. According to the broker, this appointment is another significant step to realise the full potential of its Aon United growth strategy. Lambrou replaces Mike O'Connor as CEO ... Read the full article

Aon partners with insurtech firm to streamline claims process

5th February 2019

Global insurance and reinsurance broker Aon has entered into a new strategic alliance with insurtech firm Claim Central to digitize and streamline its claim management capabilities. The collaboration aims to enhance the customer experience using technology and services developed specifically for property and casualty (P&C) insurance companies. Claim Central will also open ... Read the full article

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